College Factual  by our College Data Analytics Team
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Can You Afford Lake Erie College?

Concerned about paying for college? Take a look at LEC’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $20,281 and $47,512

Feeling a little stressed about paying $47,512 to attend Lake Erie College each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Ohio students, 99.5% of freshmen receive some form of financial aid, with the average amount totaling $24,164. Students from low-income families receive an average of $27,231 in aid during their first year.

Cost (no aid)

Tuition and fees$33,172
+ Room and board$10,160
+ Other expenses$4,180
Total cost$47,512
Affordability Score (20 out of 100)
more expensive
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Net Price (with average aid)

Total cost$47,512
- Grants and scholarships$24,164
Net price$23,348
Affordability Score (50 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$47,512
- Grants and scholarships$27,231
Net price$20,281
Affordability Score (51 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at LEC.

Projected Costs Between $85,505 and $285,363 For a Four Year Degree. Between $42,112 and $139,284 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend LEC in 2020 - 2021 was $47,512. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.4% each year. If this trend continues, we expect the full cost for incoming freshmen to be $49,830 during their first year. By their senior year, that cost will be approximately $53,520 for a bachelor degree candidate ($51,031 for an associate degree candidate) for a total of $206,641 over the course of four years ($100,860 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Lake Erie College

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.3%2.4%
Freshman year$20,898$24,434$49,830
Senior year$21,214$24,996$51,031
Total 2-year net price$42,112$49,431$100,860
10-year loan interest @ 6.8%$16,043$18,831$38,424
Total monthly payment$485$569$1,161
Total amount paid$58,155$68,262$139,284
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.3%2.4%
Freshman year$20,898$24,434$49,830
Senior year$21,859$26,159$53,520
Total 4-year net price$85,505$101,161$206,641
10-year loan interest @ 6.8%$32,574$38,539$78,722
Total monthly payment$984$1,164$2,378
Total amount paid$118,079$139,700$285,363

Visit net price and financial aid to learn more about the total cost of attending Lake Erie College.

Further Questions to Consider

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